Jan 14, 2013 4:00pm PST
of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security checks and veteran's benefits will be delayed. we may not be able to pay our military air traffic controllers specialist who track down lose nuclear materials wouldn't get their paychecks. >> that's not default but credit agencies would likely downgrade america's rating that would raise the cost of borrowing money. ben bernanke says it's very, very important congress avoid this. >> republicans know it is not the first thing that would come from not paying all of
Jan 16, 2013 4:00pm PST
the problems at hand. for now an aid to house speaker john boehner says, quote: house committees of jurisdiction will review these recommendations and if the senate passes a bill we will also take a look at that ed henry live at the white house tonight from the north lawn. good evening to you. >> good evening. >> what are the chances any of this passes? >> it's going to be a long shot for the president. he knows that it's going to be a big fight as you said. that's why he took some actions on his own. those 23 executive actions. for this to have real teelt. he has got to get congress to pass legislation. that's why among others to help lobby for this he brought in kids around the country who wrote him letters after the newtown massacre and basically urged him to have gun control. he mentioned one of those letters and one of those kids who was there today, take a listen. >> the letter that julia wrote me. she said i know that laws have to be passed by congress, but i beg you to try very hard. [ laughter ] julia, i will try very hard. >> but there are gun shows going on this week.
Jan 18, 2013 4:00pm PST
it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american public could support it in the senate as well. >> the house is also suggesting a policy of no budget, no pay. if lawmakers fail to do their job, the american people shouldn't pay them. bill? >> bill: what do democrats say about all of this, mike? >> they seemed to welcome the idea, the republicans sound willing to extend the debt ceiling. a spokesman for majority leader harry reid says if the house can pass a clean debt ceiling increase to avoid default and allow the white house to to meet its existing obligations we will be happy to consider it. they don't want the drama. >> debt ceiling in a manner that causes no concern to the economy and to global markets, that does not in any way suggest that washington is about to, you know,
Jan 22, 2013 4:00pm PST
in that meeting house speaker john boehner announced that house budget chairman paul ryan, the former vice presidential candidate is working on a plan to balance the budget in less than 10 years. that gives some reassurance to conservatives who are anxious about voting to authorize more debt, shep. >> shepard: democrats, mike, said they wanted a longer extension. what's the word from them on this proposal? >> well, the senate majority leader harry reid didn't fully embrace the house plan. he also didn't say no either. but over at the white house, well, they are saying the president would sign it. >> the bill still has to overcome some concerns expressed by members of the house and the senate before it can pass both chambers and reach the president's desk. if it does, and it reaches the president's desk, he would not stand in the way of the bill becoming law. >> if the president is not going to block it that would seem to add pressure on senator reid to take it up and act on it and that may force a budget to get done before long. shep? >> shepard: see what happens. mike emanuel on capitol h